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Gender differences in risk aversion: Do single-sex environments affect their development?

Booth, Alison and Cardona-Sosa, Lina and Nolen, Patrick (2014) 'Gender differences in risk aversion: Do single-sex environments affect their development?' Journal of Economic Behavior & Organization, 99. pp. 126-154. ISSN 0167-2681

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Abstract

Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in economically important ways. To test this, we designed a controlled experiment using first year college students who made choices over real-stakes lotteries at two distinct dates. Students were randomly assigned to classes of three types: all female, all male, and coeducational. They were not allowed to change group subsequently. We found that women are less likely to make risky choices than men at both dates. However, after eight weeks in a single-sex environment, women were significantly more likely to choose the lottery than their counterparts in coeducational groups. These results are robust to the inclusion of controls for IQ and for personality type, as well as to a number of sensitivity tests. Our findings suggest that observed gender differences in behaviour under uncertainty found in previous studies might partly reflect social learning rather than inherent gender traits.

Item Type: Article
Uncontrolled Keywords: C9; C91; C92; J16; D01; D80; J24; cognitive ability; single-sex groups; risk preferences; gender
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 14 Jan 2015 12:27
Last Modified: 01 Apr 2022 08:47
URI: http://repository.essex.ac.uk/id/eprint/12291

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